Finance Minister – Subsidy Restructuring, Tax System Will Provide 3 Percent of GDP

Finance Minister Hany Qadry said that the government’s economic reform procedures including the subsidy restructuring and taxation system will provide the State general budget with the equivalent of three percent of GDP.

On the sidelines of a conference held in London to promote investments in the Egyptian Exchange, organized by Beltone Financial, Qadry said that the subsidy restructuring plans aim at giving subsidy to those who deserve it.

The Minister expressed confidence in the policies of the Central Bank of Egypt at the level of managing the monetary policy in the country.

Source : Egypt State Information Service